Stamps.com shares on the up
Shares of Stamps.com went up more than 20% on the back of the announcement that it was collaborating with UPS earlier this week.
The partnership means UPS will provide specially discounted shipping rates to stamps.com customer base of more than 740,000.
Stamps.com offers a portfolio of Internet shipping software solutions under the brand names ShipStation, ShippingEasy, ShipWorks, Stamps.com and Endicia. These solutions help small and medium-sized e-commerce businesses run their shipping operations more smoothly and successfully.
This new collaboration with UPS will make UPS shipping services available to Stamps.com’s customers at attractive discounts of up to 55 % off daily rates, including various waived surcharges.
“UPS wants to make the shipping process seamless for small businesses, so they can focus on growing their business,” said Kevin Warren, UPS Chief Marketing Officer. “By collaborating with Stamps.com, their e-commerce customers will have easy access to UPS within the same familiar platform they’ve been using, offering them more choice and control over their shipping needs.”
“This new collaboration will allow us to bring the leading shipping solutions of UPS to our customer base in a simpler and more seamless fashion, and at very attractive new discounts,” said Ken McBride, Chairman and CEO of Stamps.com. “We want to empower our customers, and we know that delivery speeds and competitive rates are an important factor for small business success.”
Stamps.com shares dipped almost 50% in February after the company said it was giving up its exclusive deal with the U.S. Postal Service.